fx-reforms

27/1/2026

2026 Is Looking Like The Year Nigeria Finally Start ‘Glowing’ - Dr. Tope Fasua

2026 Is Looking Like The Year Nigeria Finally Start ‘Glowing’ - Dr. Tope Fasua

If you’ve been looking at the Nigerian economy lately and feeling like you’re watching a Telemundo series with too many 'village people' plot twists, we have some fresh gist for you.

The big bosses, Dr. Tope Fasua (the President’s Economic Wiz) and Dr. Chinyere Almona (the Director-General of the Lagos Chamber of Commerce and Industry - LCCI), recently had a meeting. Their verdict? The 'economic problems' of the last two years is finally packing its bags.

Here is the breakdown of what they said, minus the grammar, Growing Nigeria style:

Well, remember when the Naira was falling like a pack of cards? Dr. Fasua says there's nothing to worry about again as the Naira has finally found its balance. Thanks to some 'juju-free' moves by the CBN and our foreign reserves getting fat again, the Naira is looking more stable. No more waking up to check the exchange rate like it's a heart monitor.

Secondly, the government is projecting that the economy will grow by 6% to 8% this year. In plain English; the cake is getting bigger. More trade, better coordination, and more money coming into the federation account means the country is actually moving forward, not just 'doing legwork' on one spot.

Now, here’s the part you’ll love: Dr. Fasua says the new tax rules aren't here to 'finish' you. If you’re earning N20 million or less in a year, the goal is actually to put more money in your pocket, not less. The government is shifting from 'taxing the poor' to 'bringing more people into the system' so the burden doesn't just fall on a few people.

Fairness is the new vibe.

Another factor given is that for a long time, Nigeria was like that neighbor who buys everything on credit from outside but has nothing to sell. Not anymore! Our 'Non-Oil' exports (think cocoa, manufactured goods, and agric) are now higher than what we’re importing.

Meaning we now have a trade surplus, people! We are officially becoming 'sellers' in the global market.

While inflation is still 'doing shakara', experts say it’s gradually slowing down. With more tractors on farms and better funding for farmers, the goal is to bring inflation down to single digits. (Yes, we also hope this means the price of a basket of tomatoes will behave itself soon).

Why this matters

LCCI boss, Dr. Almona, says while businesses have seen 'shege' with high costs, the environment is getting friendlier. The government and the private sector are finally talking to each other like besties.

Growing Nigeria is saying: It’s been a long, bumpy road, but if these projections hold, 2026 might just be the year we stop saying "Nigeria is hard" and start saying "Nigeria is happening!"

Stay sharp, keep grinding, and let’s grow Nigeria together!

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